Just Eat share price drops eight per cent despite orders up 64 per cent November 3, 2015 Online home delivery marketplace JUST EAT failed to deliver for investors despite offering them a tasty 64 per cent increase in orders in its third quarter trading update. Shares closed down 1.63 cent, at 433.7p, having dropped as low as 408.2p, during trading. [stockChart code="JE." date="2015-11-03 17:00"] The company reported that the poor summer weather [...]
Leon founder Henry Dimbleby launches £3.5m crowdfunding bid to create “world-class street food market” in London backed by Nigella Lawson and Jamie Oliver October 29, 2015 Could London be getting a world-class street food market? Henry Dimbleby, founder of natural fast-food restaurants Leon, and Street Feast’s Jonathan Downey are betting on it. Through London Union, Street Feast’s parent company, the pair is launching a crowdfunding bid hoping to raise £3.5m – enough money to create not just 12 local markets, but [...]
Restaurant review: There’s more to Palm Court than afternoon tea, thank god October 29, 2015 If I could click my fingers and banish one element of our national cuisine, it would be afternoon tea. It’s a dreary throwback to a time when we felt the need to ape our social betters, in this case by eating wildly overpriced cucumber sandwiches. Its emergence is often credited to Anna Maria Russell, the [...]
Celebrate Dom Perignon’s 2006 vintage champagne release by joining the City A.M. wine club and spending an evening tasting the stars October 28, 2015 This month Dom Perignon released its highly-anticipated 2006 vintage. For £455 per case of six in bond, you can enjoy a bottle so good it’s already received 97 points from leading Champagne critic Richard Juhlin. This acclaim puts it on a par with the legendary ‘64, ‘61 and ’49 vintages, and surpasses even the ’96, [...]
Burrito restaurant Chilango to raise £1m via crowdfunding platform CrowdCube October 26, 2015 Burrito restaurant Chilango has launched a new fundraising round on crowdfunding platform CrowdCube after tapping retail investors for £2m last year. The Mexican food chain said it aims raise £1m from potential investors in return for a 3.26 per cent stake in the business. Shareholders can put as little as £10 compared with last year’s mini-bond, where investors [...]
Sign up to the City A.M. Wine Club for the chance to win a prestigious Dom Perignon dinner for two October 26, 2015 This competition has now closed. To celebrate the release of the 2006 vintage from Dom Perignon, City A.M. Wine Club has a superb competition for both new and existing members. Les 110 de Taillevent, the London incarnation of the iconic two Michelin-starred Parisian restaurant, has created a menu designed to perfectly match Dom [...]
London food festival goes cold on Square Mile’s haute cuisine October 22, 2015 City restaurateurs are feeling the chill this autumn after getting a noticeable snub on the London Food Festival’s Londoner’s choice awards shortlist. This year’s finalists for the award are all independent or neighbourhood restaurants, beating the likes of Jamie’s Italian, Sketch and Heddon Street Kitchen in favour of eateries further out. Putney’s Bibo, Stoke Newington’s [...]
Costa Coffee adds shot to Whitbread despite Living Wage costs October 20, 2015 The figures Pre-tax profits at Whitbread jumped 13 per cent to £291.3m in the six months to the end of August, beating expectations. Underlying profit at Costa Coffee steamed ahead 28.4 per cent to £67.3m while Whitbread's hotel and restaurant business ticked up 10.8 per cent to £249.4 per cent. Meanwhile, total revenues came in at £1.4bn, a [...]
Vauxhall property prices: One of the last affordable places to buy a house in Zone One? October 15, 2015 Once, people would come from all over London for an afternoon out at Vauxhall Pleasure Gardens. It was one of the leading spots for public entertainment. But after it closed in 1840 – the owners went bankrupt – the area has never seemed to regain its former glamour. Now, that stretch of land is just [...]
Night Tube series: Top seven places to buy a house in London along the Victoria Line October 15, 2015 If there’s one thing that unites the areas that appear along the Victoria Line, it’s rejuvenation. So here are the top seven places to invest in along the blue line, according to Paul Williams, head of Savills Islington, based on average sales price data within 500m of underground stations in the 12 months leading up [...]